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The Financial Structure of Early-Retirement Pensions

Part of the Springer Studies in Work and Industry book series (SSWI)

Abstract

In popular imagination the idea of a “pension benefit”—whether the benefit payments of a private-pension scheme or those of a public scheme such as Social Security—most often elicits images of “reward” and “old-age security.” The benefit of a pension is thought to be, at the individual level, a more or less proportionate reward for having completed a “productive work life” and, at the population level, a means of alleviating the risk of old-age poverty. That thought is correct so far as it goes—though the tendency sometimes is to confuse the “reward” aspect with a free good and to assume that “old-age security” is only a matter of money income.

Keywords

Early Retirement Pension Plan Pension Benefit Retirement Plan Benefit Payment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Plenum Press, New York 1996

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